On their Medium blogging account, they call themselves The MANTRA’s ecosystem which constitutes its four stacks is known as OMniverse, and the platform’s native token is called OM.
This piece is your go-to guide to the MANTRA ecosystem and its offerings.
We will go into the economics of OM token and its utility.
This article will also analyze the price movements of OM and try to make reasonable forecasts of the token’s prices in the days to come.
Let’s get started without any further ado.
What is MANTRA?
As I mentioned, MANTRA is a DeFi platform that has four vertical operations.
It was founded in 2020 as MANTRA DAO, now one of its verticals.
The four stacks of the OMniverse are
|It offers blockchain infrastructure as a business. As a major revenue generator, this vertical also acts as a community growth engine, by providing yield-earning opportunities across multiple blockchains.
|It provides a secure and transparent platform for the development of regulated digital assets and apps.
|Mantra Finance aims to blend speed and accuracy with the resilience of regulation.
|This vertical is a community-governed decentralized finance (DeFi) platform focused on Staking, Lending, and Governance.
Mantra DAO offers a robust platform for decentralized lending and savings, and stablecoins for retail and institutional investors.
Unique Features of MANTRA
|Mantra DAO is built on top of the RioChain blockchain and is integrated with Polkadot, which allows lending and borrowing activities across multiple blockchains.
|Mantra offers a decentralized staking system in which users can earn OM tokens for staking their assets.
|Lenders on Mantra can use open-source or proprietary protocols to loan out their assets to other users and get rewarded with interest.
|Mantra incentivizes users to make positive contributions to the platform with the KARMA reputation system.
Like I said, Mantra uses the utility token $OM. It is built on the BNB Chain, Ethereum, and Polygon.
There is a total supply of 888,888,888 $OM tokens out of which around 700 million tokens are currently in supply. $OM has a total market capitalization of close to $97 million.
MANTRA Price Prediction
While I am penning down these lines, the market price of the $OM token stands at $0.3267, as per the data on CoinMarketCap.
Although the past performance of an asset can by no means guarantee future returns, analyzing the past trends gives us valuable clues about the impending trajectory of the same.
Mantra $OM was launched in 2021 with an opening price of $0.02.
The price has remained more or less flat throughout the year until it briefly touched $0.08 followed by a quick correction.
In 2022, the prices gradually moved upward until they reached a high of $0.16 in October.
In January 2023, the token finally took off reaching an all-time high of $0.87 but was followed by a sharp crash, dropping to $0.07 by the end of the same month.
$OM continued to gradually lose value throughout the year until it found some support at $0.025 in December. The token has shown good upward momentum since.
Mantra $OM currently possesses a 24-hour trading volume of over $225 million and a market cap of a little over a quarter of a billion dollars.
Technical indicators suggest that, in the last 6 weeks or so, $OM has moved up by over 750 percent, beating the broad market and the key players by a significant margin.
DigitalCoinPrice forecasted that the $OM price would reach $0.33. According to PricePrediction.net, the expected price is $0.25. Changelly gave $OM a $0.0670 per token valuation.
Where To Buy MANTRA?
You can buy MANTRA $OM from CEXs like Binance, OKX, AscendEX, BitMax, BingX, Bitrue, XT.COM, and TokoCrpto, or a DEX like Uniswap.
How To Buy MANTRA?
As you can see, there are quite a few options to buy the $OM token and the preferred path will be via a centralized exchange.
It’s convenient and you will also get plenty of options.
First, you need to sign in to the CEX of your choice.
If you don’t already have an account, It’s fairly easy to create one.
Once it’s done, you can deposit your fiat money or a major cryptocurrency like Bitcoin or Ether in the exchange.
Next, you must navigate to the trading section and search for the currency combination you want to transact with– OM/ETH, for instance.
It is always prudent to move the tokens to a secure wallet after they are purchased.
MANTRA $OM offers a comprehensive set of DeFi features, thanks to its multi-vertical business model.
OM offers a great solution for individuals and institutions looking for capital sources or investment opportunities.
The platform continues to attract a large user base since its inception.
The technical indicators of $OM signal strong bullish sentiments in the crypto market.
However, remember that investing in the crypto market carries high risks and crypto assets are susceptible to dramatic price drops. One should do comprehensive research before putting his/her hard-earned money into crypto assets. As always, ensure that you are putting only that much money you can afford to lose.
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